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M&A Activity Heats Up; Guild, Flagstar, Caliber, Impac Looking to Buy; Retail Lenders in Demand

June 9, 2016
Merger-and-acquisition activity in the mortgage sector has been relatively mild so far this year, but suddenly the table has turned with a handful of deals announced over the past two weeks and some lenders publicly stating their intentions as buyers. And one thing seems certain: It appears that all of the acquisitions will be accomplished through “asset” purchases as opposed to the acquisition of stock, be it private shares or otherwise. Early this week, Guild Mortgage, San Diego, inked...
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JPM Hiring Hundreds of Mortgage Workers, BofA Active as Well

June 8, 2016
Paul Muolo
Equity Prime Mortgage of Atlanta said it’s hiring in all areas, including sales, servicing, operations and compliance…
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Warehouse Commitments Were Flat in 1Q, but Demand and Usage Rates Are Increasing

June 8, 2016
Paul Muolo
Another bank seeing a pickup in clients is Southwest Bank, Dallas…
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New Jumbo MBS from Chase to Include Loans Subject to TRID

June 8, 2016
Brandon Ivey
However, Fitch did raise concerns about the expenses associated with Pentalpha Surveillance, which will review potential breaches of representations and warranties…
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Short Takes: NAR to CFPB: Tell Lenders They Can Share the Closing Disclosure Form / Sharing Already? / Don’t Expect Huge TRID Changes / Who’s For Sale? / Ellie Mae, Generous with its Directors

June 8, 2016
Paul Muolo
Rumor has it that a mid-sized nonbank based in the Western U.S. is entertaining takeover offers...
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Lone Star Prepares What Could be the Largest Post-Crisis Nonprime MBS to Date

June 7, 2016
Brandon Ivey
The Lone Star bond could also receive credit ratings, which would be a first for a nonprime MBS backed by new originations in the post-crisis era...
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Rep. Hensarling Lays Out Dodd-Frank ‘Alternative’; Expanded Safe Harbor

June 7, 2016
Thomas Ressler
Changes include an ability-to-repay safe harbor for loans held in portfolio...
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Mixed Trends in Banks’ First Lien Holdings; A Stunning Increase for JPM

June 7, 2016
Brandon Ivey
JPMorgan Chase may not like FHA loans very much, but it certainly has a strong appetite for jumbos, hence the huge growth in its retained portfolio...
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Will New 3% Down GSE Programs From Wells and JPM Steal Market Share from FHA?

June 7, 2016
George Brooks
In addition, yourFirstMortgage does not require an upfront mortgage insurance premium…
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Short Takes: Rep. Hensarling: GOP Still Wants to Kill Fannie and Freddie / Will the CFPB Take Up Residence at the Mega-Nonbanks? / Choose Sunny SoCal? / So Long ‘Disruptors’? The Fad is Over

June 7, 2016
Paul Muolo
Joe Garrett of Garrett, McAuley & Co. wonders whether the day is coming when the CFPB will take up residence at some of the nation’s largest nonbank lenders.
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